Doha, April 20 (QNA) - Qatar Development Bank (QDB) has announced the launch of its Mergers and Acquisitions Program, as part of a strategic initiative aimed at providing integrated solutions for companies seeking to expand and grow, or exit the market in an organized and efficient manner.

The bank explained in a statement today that the program seeks to facilitate merger processes including two or more companies to form a more competitive entity, in addition to supporting acquisitions involving one company acquiring another, either fully or partially. The program also offers a package of specialized advisory services to support the sustainability of the business environment across various industries in Qatar.

Through the program, the bank covers up to 70 percent of the total cost of advisory services. Investment opportunities are then presented to companies wishing to sell all or part of their shares on the Mergers and Acquisitions Portal, developed by QDB to facilitate the process.

The portal provides companies and investors with access to new investment opportunities and connections with certified experts and advisors, enabling companies to create opportunities for growth, expansion, and bilateral matching between companies in relevant sectors.

In this context, QDB's CEO Abdulrahman Hesham Al Sowaidi explained that the program addresses the needs of the local market and is in line with the bank's strategy to provide innovative solutions that boost the competitiveness and growth of Qatari companies and diversify their funding sources. It also opens the door to individual or corporate investors seeking partial or full acquisition of companies wishing to offer their shares.

Al Sowaidi added that the program contributes to enabling companies to achieve their strategic objectives, whether through market expansion, improving operational efficiency, or implementing exit plans in an organized and effective manner. He emphasized QDB's commitment to providing comprehensive and integrated solutions that support the development of companies at all stages of their development.

It's worth noting that companies can create their own accounts on the portal and log in to submit a request for advisory services. Once they create an account and log in, investors can search for the company that best meets their criteria, compare company profiles, review opportunities, and communicate with their owners. (QNA)